DJIA Sets Inflation-Adjusted Record High

U.S. Growth Reading Is Better-than-Expected

On Friday, the Dow Jones Industrial Average achieved something it hadn't managed in nearly 14 years: It closed at a record after adjusting for inflation.

Since March, the Dow has been hitting new records in nominal terms, meaning they didn't take into account the consumer price increases that had inflated the value of stocks since the last record. As of Friday, the Dow is at new high even after those price increases are removed.